18 Jul 2018 08:47
LSR Group Reports 1H 2018 Operating Results
LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing the operating results for the first half of 2018.
1H2018 Operational Highlights
• New contract sales in the first half of 2018 amounted to 358 th m2 (+39%). Value of the contracts was RUB 34bn (+34%)
• New contract sales in 2Q 2018 amounted to 198 th m2 (+70%). Value of the contracts in 2Q 2018 was RUB 19.3bn (+60%)
• The share of mortgage sales stood at 52% across the company in 1H
• Sales of aggregates (sand and crushed granite) up more than 30%
Full version of the press release is available in pdf-format.
https://rnssubmit.com/ns/api/drafts/1273143/attachments/0/
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/0144V_1-2018-7-18.pdf
Notes to Editors:
PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2017 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.6m m2 with the market value of more than RUB 185bn. In 2017, the sales revenue of LSR Group amounted to RUB 138,494m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group IR
Tel.: +7 812 320 56 53
E-mail: IR@lsrgroup.ru
www.lsrgroup.ru